Market Intelligence · MN / Silver Lake

Silver Lake, MN 55381 Housing Market

The typical home value in Silver Lake, MN 55381 is $306,123, up 0.0% over the past year as of September 2026. The median list price is $300,000, and homes spend a median of 84 days on market. Values have been flat, which means sellers should not count on appreciation to boost their price.

Updated September 2026Median value$306K

The median home value in Silver Lake, MN 55381 is $306K as of September 2026, little changed year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 55381 range

$282K to $331K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-0.0% over 12 months

Sep 2025$306K

Low $306KHigh $309K

Sep 2026$306K

The numbers

What is the 55381 housing market like?

As of September 2026

Typical home value

$306K

0.0%YoY

Median list price

$300K

3.2%MoM

Days on market

2.3%MoM

Homes for sale

0.0%MoM

Price cuts

44.0%

50.5%MoM

New listings

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

55381 housing market forecast 2027

+4.0%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 55381 to rise 4.0% by September 2027.

Over the 12 months through September 2026, typical home values in 55381 held essentially flat, per the Zillow Home Value Index.

Will home prices drop in 55381?

Zillow's forecast does not call for a drop: it expects typical home values in 55381 to rise 4.0% by September 2027, after a flat past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 55381 home prices compare?

55381$306,123
Silver Lake$306,123
Minnesota$298,219
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Silver Lake: 1 ZIP; Minnesota: 716 ZIPs; United States: 26,262 ZIPs).

Context

The Silver Lake market in 55381 is small and slow. Only 7 homes were for sale as of September 2026, with 2 new listings coming on that month. Homes take a median of 84 days to sell, well past a quick turnaround. The typical home value is $306,123 and has not moved over the past year, while the median list price sits at $300,000. With 44.0% of listings taking a price cut, sellers should price realistically from day one rather than testing the market high.

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Down payment20% · $61,225

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Common questions

What people ask us.

How much is a home in 55381 worth?

The typical home value in Silver Lake, MN 55381 is $306,123 as of September 2026, up 0.0% over the past year.

How long does it take to sell a home in 55381?

Homes in 55381 spend a median of 84 days on market as of September 2026, so sellers should expect a slower sale.

How competitive is the Silver Lake market right now?

Inventory is thin, with 7 homes for sale and 2 new listings as of September 2026. Even so, 44.0% of listings have had a price cut, which suggests buyers have room to negotiate.

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